Latin American e-commerce giant Mercado Libre will shut down its platform token Mercado Coin.

BlockBeatNews

2026-03-31 15:50:56

BTC1,79%

BlockBeats message, March 31, Latin American e-commerce giant Mercado Libre will shut down its platform token Mercado Coin on April 17, ending a user-incentive cryptocurrency experiment that has lasted nearly four years. At that time, users will no longer be able to continue trading the token or receive cashback rewards by making purchases, but they will still be able to sell the token within the app, use it for shopping as a credit, or wait for the system to automatically convert it into local fiat currency.

Mercado Libre said it will continue to keep features such as stablecoin transfers and cryptocurrency asset trading. Its balance sheet still holds more than $38 million worth of BTC.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments